Oil States International, Inc. $OIS Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. reduced its position in Oil States International, Inc. (NYSE:OIS) by 95.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,600 shares of the oil and gas company’s stock after selling 1,212,900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Oil States International were worth $363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Oil States International by 221.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 4,740 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Oil States International by 98.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 5,779 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Oil States International in the 2nd quarter valued at about $84,000. SG Americas Securities LLC lifted its stake in shares of Oil States International by 106.3% in the 4th quarter. SG Americas Securities LLC now owns 38,807 shares of the oil and gas company’s stock valued at $263,000 after purchasing an additional 19,993 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Oil States International in the 2nd quarter valued at about $505,000. 97.44% of the stock is owned by institutional investors and hedge funds.

Oil States International Stock Down 1.5%

OIS stock opened at $8.37 on Tuesday. Oil States International, Inc. has a 52-week low of $4.28 and a 52-week high of $14.50. The stock’s 50 day moving average is $10.35 and its two-hundred day moving average is $9.24. The company has a market capitalization of $503.73 million, a PE ratio of -4.31 and a beta of 1.10.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Oil States International had a positive return on equity of 3.62% and a negative net margin of 17.03%.The company had revenue of $145.36 million for the quarter, compared to the consensus estimate of $153.79 million. During the same period in the previous year, the business earned $0.06 EPS. Oil States International’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oil States International, Inc. will post 0.55 EPS for the current year.

Analysts Set New Price Targets

OIS has been the topic of several research analyst reports. Stifel Nicolaus lifted their price objective on Oil States International from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings lowered Oil States International from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and set a $14.00 price target on shares of Oil States International in a research report on Monday, February 23rd. Wall Street Zen lowered Oil States International from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Susquehanna reduced their price target on Oil States International from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.33.

Oil States International Company Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.